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Dec 13, 2012
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. >> let's talk about europe. emerging markets, but have you a big exposure to europe. stock markets going up, but no economic activity to speak of. is that where the economic activity not picking up yet for you guys either? >> yeah, when you look at last season, the last lawn and garden season, it was down somewhere in the neighborhood of 15%, the market overall, and that was really reflective, obviously of decreased consumer spending and people feeling a lot of the impacts of macro economic conditions in europe. as we look forward, into europe, into this next season, we're calling it flat, simply because there are is so much uncertainty going on over there with how they solve economic problems. at the same time, geographic diversification is really important for us, especially in emerging markets. last week, friday, we closed on a deal down in brazil, one of the key markets we look at from an emerging market standpoint, a company by the name of bronco, which does a lot of high-end equipment, commercial type equipment for the brazilian market and we think that will be
. >> let's talk about europe. emerging markets, but have you a big exposure to europe. stock markets going up, but no economic activity to speak of. is that where the economic activity not picking up yet for you guys either? >> yeah, when you look at last season, the last lawn and garden season, it was down somewhere in the neighborhood of 15%, the market overall, and that was really reflective, obviously of decreased consumer spending and people feeling a lot of the impacts of...
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Dec 5, 2012
12/12
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the fiscal cliff is like what they had in europe. we need to look for companies being obliterated by the cliff. banco santander was perceived to be the biggest loser. but it turned out to be an amazing trade. the stock traveled to $7.72. i don't think it's done. charitable trust is buying a major midwestern lender. stock has been sliding every day. key is now under $8 and i can tell from the trading in the name it is not going to happen just yet. there are sellers everywhere. the only thing they have going for them is fears of the cliff. we know that when the cliff jump we know that when the cliff jump price , well, i say the worst has been prepared for. key bank may be the worst of the bunch. it has been a terrible investment up until things turned. and then we will look back and say what the heck were we thinking. why didn't we bid 7 and buy key bank instead of selling it like everybody else? stick with cramer.
the fiscal cliff is like what they had in europe. we need to look for companies being obliterated by the cliff. banco santander was perceived to be the biggest loser. but it turned out to be an amazing trade. the stock traveled to $7.72. i don't think it's done. charitable trust is buying a major midwestern lender. stock has been sliding every day. key is now under $8 and i can tell from the trading in the name it is not going to happen just yet. there are sellers everywhere. the only thing...
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Dec 14, 2012
12/12
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europe first. i'm also in charge of attracting foreign investments so the priority is pretty well known, freeing up bureaucracy and letting enterprises do their job and don't be really constrained by labor laws or too many laws that affect the willingness of an entrepreneur to do his job. >> find it interesting that we're dealing with the same issues, labor laws certainly in some cases have really hindered the ability for some businesses to do well. let me ask you about any and how things are going. we just saw a report recently where there was a report that said by 2020 america could actually be a great oil exporter which i found just amazing. where are you finding developments? i know that in ghana recently was a big opportunity for your company, also libya. where is the oil in the world and how is business at any? >> you know, the company is 75% about foreign business, so whatever we do, we do it mostly in africa and also in the u.s., but we're the biggest oil company in africa, and we're coming
europe first. i'm also in charge of attracting foreign investments so the priority is pretty well known, freeing up bureaucracy and letting enterprises do their job and don't be really constrained by labor laws or too many laws that affect the willingness of an entrepreneur to do his job. >> find it interesting that we're dealing with the same issues, labor laws certainly in some cases have really hindered the ability for some businesses to do well. let me ask you about any and how things...
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Dec 19, 2012
12/12
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but i could see the feds easing, europe is easing. i can see maybe profits are going to come in better. maybe we had great housing coming in today. when they are doing this toe dance, how can the market make sense of that. >> we have had the debt crisis to train us how to deal with this? you start ignoring what the politicians had to say. and that is really now traders look at it. >> i'm here to tell you, one for one doesn't work. this is going to be his biggest challenge. the racing ising of the top chae is it. republicans aren't going to like that. and the grass roots aren't going to like that. and the only people that are going to like it are the liberals and the unions. >> but this is a big problem on spending and i think that is where the president will see the deal fall apart. they are close. pretty close. but we do need to see a net revenue, neutral plan. >> are you kidding? >> republicans want to three to four to one. >> they do want that, but they can live with the revenue neutral plan. >> one to one is insanity. >> it is not
but i could see the feds easing, europe is easing. i can see maybe profits are going to come in better. maybe we had great housing coming in today. when they are doing this toe dance, how can the market make sense of that. >> we have had the debt crisis to train us how to deal with this? you start ignoring what the politicians had to say. and that is really now traders look at it. >> i'm here to tell you, one for one doesn't work. this is going to be his biggest challenge. the...
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Dec 7, 2012
12/12
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because the economy has been doing really very well within europe. so you could see german margins under a little bit of pressure, but then that could also suggest as i say that some of those projections for the german economy are a bit -- >> what assumptions are you making in this about the fiscal cliff and about further risks from eurozone financial crisis? go . >> we know the markets are driven on a minute by minute basis, but if we just step back from that, the chances that in two to three months from now, obviously we could briefly go over in january, i think that's unlikely, the chance that we'll really have the u.s. economy squeeze by 4%, 5% of gdp, i think it's incredibly unlikely. >> what are you assuming about the ongoing eurozone -- >> the eurozone, if we go through a series of ticks, we have had a lot of progress this year. you have to be clear about that. and not just with all the various government actions. look at wages in greece and now spain. wages in greece are down more than 25%. very painful, but we've heard about the pain already
because the economy has been doing really very well within europe. so you could see german margins under a little bit of pressure, but then that could also suggest as i say that some of those projections for the german economy are a bit -- >> what assumptions are you making in this about the fiscal cliff and about further risks from eurozone financial crisis? go . >> we know the markets are driven on a minute by minute basis, but if we just step back from that, the chances that in...
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Dec 18, 2012
12/12
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only 18% from the sick man that is europe. the company plans to expand its boat business aggressively into brazil which you know is the fourth largest global boat market. and brunswick only has 1% share at the moment. you know that can go up. brunswick's boat engine is roaring, plus the company's been cleaning up its balance sheet to where it has the lowest level of debt in more than seven years. it's giving you a juicy 27% gain since i recommended it a little less than a year ago back on january 30th. even after this move the stock is still pretty darn cheap, selling for just 12 times earning, 12.5% long-term growth rate and obviously this new kicker. the bottom line, hurricane sandy was a horrible tragedy. but as we recover from that destruction, there are opportunities like the 65,000 boats that were damaged or destroyed in the storm. $650 million worth of boats that will most likely be replaced and brunswick is the most likely place that they'll replace them at. let's go to elizabeth in florida, please. elizabeth. >> calle
only 18% from the sick man that is europe. the company plans to expand its boat business aggressively into brazil which you know is the fourth largest global boat market. and brunswick only has 1% share at the moment. you know that can go up. brunswick's boat engine is roaring, plus the company's been cleaning up its balance sheet to where it has the lowest level of debt in more than seven years. it's giving you a juicy 27% gain since i recommended it a little less than a year ago back on...
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Dec 12, 2012
12/12
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for ideas on what to cut, like right now, lower drug prices or pulling back our army from japan and europe. like every other country in the north does, like pulling back on positions from our army. i got the same response. it is the president's fault. i might have well have been a mannequin. they he want to talk about raising taxes of the rich. but it can't be dismissed as part of the compromise mosaic that will get the government out of the picture. they think they are so darn important down there. they think people either start or don't start businesses because of them. people start businesses to make money. i started five of them, i know. our politicians think they don't spend because they have lower tax rates. but they put people to work if there is demand and they think they can make a lot of money. they would rather save than spend. research is issued to death. what are they down there? i read some biased chart. honestly. if you raise taxes and lowered spending, we would be on top of the world. our stock markets would soar. and the level of wealth creation would be beyond washington'
for ideas on what to cut, like right now, lower drug prices or pulling back our army from japan and europe. like every other country in the north does, like pulling back on positions from our army. i got the same response. it is the president's fault. i might have well have been a mannequin. they he want to talk about raising taxes of the rich. but it can't be dismissed as part of the compromise mosaic that will get the government out of the picture. they think they are so darn important down...
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Dec 31, 2012
12/12
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recently announced they're growing in europe. seagate technology has a 5% dividend and a plan to cut the number of outstanding shares. and ebay could well be positioned to take advantage of the trend. now apple, despite a tough quarter, the launches of the iphone 5 and the ipad mini helped them return over 30% this year. though it's been a tough three months. it wasn't all positive in tech for everyone. marvel technology group down. the chip company hurt by a ruling against them in a lawsuit. hewlett-packard hurt. most recently because of possible accounting issues. and dell hurt by a pc industry that has well passed its prime. they've been looking to more of a services driven business. the biggest ipos of the year didn't turn out as spectacularly. facebook shares went down to 26.60 today. >> love that. thank you. >>> the nasdaq did better than the dow in 2012 and even better than the s&p 500. so now let's get tech predictions for next year and hold on to your hats, guys. because they range from microsoft taking over rim to twitt
recently announced they're growing in europe. seagate technology has a 5% dividend and a plan to cut the number of outstanding shares. and ebay could well be positioned to take advantage of the trend. now apple, despite a tough quarter, the launches of the iphone 5 and the ipad mini helped them return over 30% this year. though it's been a tough three months. it wasn't all positive in tech for everyone. marvel technology group down. the chip company hurt by a ruling against them in a lawsuit....
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Dec 7, 2012
12/12
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the only disappointment has been data in europe. the scuttlebutt that some members wanted to cut which has put pressure on the euro today. >> german market up twice what we're up and i think people are shaking their heads that netherlands could be up. we don't see any data whatsoever that europe is doing better but belief that 2013 can't be as bad as 2012. german numbers were not good at all. it's a puzzle. >> we did get an earthquake in northeastern japan overnight. 7.3 is serious. looks like we dodged a bullet on that front as well. doesn't look like there's any damage as a result of that. >> i thought there would be a tremendous rebuilding effort in fukushima. it didn't happen because the ground is contaminated. the first question they asked over there were nuclear reactors apparently safe is the early word. >> we walk in on monday we'll have a lot of data out from china which could be important given the biggest weekly gain in shanghai in 13 months. that will be closely watched. industrial production and retail numbers will be o
the only disappointment has been data in europe. the scuttlebutt that some members wanted to cut which has put pressure on the euro today. >> german market up twice what we're up and i think people are shaking their heads that netherlands could be up. we don't see any data whatsoever that europe is doing better but belief that 2013 can't be as bad as 2012. german numbers were not good at all. it's a puzzle. >> we did get an earthquake in northeastern japan overnight. 7.3 is serious....
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Dec 26, 2012
12/12
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in europe, the dax in germany is up and running. we are higher -- lower, rather, sorry, by half a percent. overnight in japan, the nikkei, that was higher. let's see the nikkei up about 1.5%. >>> now the holiday shopping season is drawing to a close. and early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimate sales rose .7% over the past two months which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. earlier we spoke with michael mcnamara from mastercard advisers about the impact the fiscal cliff may be having on consumers. listen in. >> beginning of december when we saw the sales numbers come down, confidence numbers come down. something the media coverage really has brought home and clarified what the fiscal cliff means to personal finance. and that debate really seems to be acting as -- almost creating a sense of gravity that's pulling down different elements of the economies. >> spending pulse says even o
in europe, the dax in germany is up and running. we are higher -- lower, rather, sorry, by half a percent. overnight in japan, the nikkei, that was higher. let's see the nikkei up about 1.5%. >>> now the holiday shopping season is drawing to a close. and early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimate sales rose .7% over the past two months which would be the weakest pace since 2008 during the financial crisis. many...
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Dec 1, 2012
12/12
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with europe under control, the u.s. doing quite well, with china expanding and india blooming, not to mention the splendid addition to t barn to the family starbucks has a terrific story to tell and they can tell it. i think it may be a one off situation. the business of fried chicken, it's cooled there, it's cooled in china. i can't draw any conclusion. plus it's worth pointing out the united states lowered a bit, too. it was, alas, a disappointment. but yum is a remarkable company. my inclination would be to hold on to it no matter what. if you really need to get out of it maybe at a higher price. perhaps at next thursday's analyst meeting. for yum in general it's worth pointing out that the restaurant stocks have become quite inhospitable of late. with everyone from mcdonald's and darden, cracker barrel and chipotle disappointing the street, only panera has remained strong. my takeaway please don't draw conclusion that china's back sliding. we have way too much evidence to the contrary. just conclude that something's
with europe under control, the u.s. doing quite well, with china expanding and india blooming, not to mention the splendid addition to t barn to the family starbucks has a terrific story to tell and they can tell it. i think it may be a one off situation. the business of fried chicken, it's cooled there, it's cooled in china. i can't draw any conclusion. plus it's worth pointing out the united states lowered a bit, too. it was, alas, a disappointment. but yum is a remarkable company. my...
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Dec 17, 2012
12/12
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europe less bad. it's going to be an okay economic -- >> you get everything you want, fiscal cliffwise and we actually start tackling some of these long-term issues, you know diffident taxes are heading up. what -- is the market spring loaded so that if we get what we want it will be a really solid advance that we get? >> solid, look, joe, and in a muddle through economy solid is only a mid teen number. we're not going to get 30% gain. >> put the two years together we could have 30, if we get some of the things -- >> we had three straight years at 30. >> that was a different world. earnings were higher. they're flagging a bit now. >> if everybody gets what they want with this, even the corporations aren't suddenly unleashed, either, with all their corporate -- >> it's going to be slow. the linger of the debt wind-down and the residual issues. that takes years to unravel. >> we have not talked individual stocks. when you see what's happened with apple, what do you think? >> apple starting to have more
europe less bad. it's going to be an okay economic -- >> you get everything you want, fiscal cliffwise and we actually start tackling some of these long-term issues, you know diffident taxes are heading up. what -- is the market spring loaded so that if we get what we want it will be a really solid advance that we get? >> solid, look, joe, and in a muddle through economy solid is only a mid teen number. we're not going to get 30% gain. >> put the two years together we could...
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Dec 1, 2012
12/12
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we know europe is falling off a cliff. on the one hand europe could be falling off the cliff and on the other hand very strong for you. >> think of it this way. if companies have less revenue they got to reset their cost base. they'll have to do more with less. software from sap will help them do that. also if you look at certain markets in europe like germany, middle east, africa, there are some parts that are really growing. and with very strong brand. if you want to grow your revenues, be mobile with your consumer, leverage the cloud for lower cost, optimize your supply chain, whatever you want to do, sap does it all. >> it does. normally someone might say jim why did you give him that last minute free pass? that's what happens when you got a stock as fabulous as your. you're able to tell the story. >> jim i have 65,000 people and an echo system six times that size that's passionate about the customer. what we tried to bring to this company is a customer centristity and innovation. >> bill mcdermott the co-ceo of sap. w
we know europe is falling off a cliff. on the one hand europe could be falling off the cliff and on the other hand very strong for you. >> think of it this way. if companies have less revenue they got to reset their cost base. they'll have to do more with less. software from sap will help them do that. also if you look at certain markets in europe like germany, middle east, africa, there are some parts that are really growing. and with very strong brand. if you want to grow your revenues,...
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Dec 5, 2012
12/12
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if europe turns, china is strong. this is not a yum situation. >> those revenues are at 50% in 2012. this is a major, major group for starbucks. now they'll link rewards card to some of these products. you go to the supermarket and somehow that will be linked that reinforces the ecosystem so consumers can get rewards even if they buy starbucks products out of the store. >> short of the line, more complex the kitchen can be. the pipeline for new products in years to come. >> they have great stores. if the stores can handle more, gross margins could go up. remember, the price of coffee has come down dramatically. has the price of your cup of coffee come down? they don't really pass that on. >> it's like the prime rate when that gets lower. rough morning for pandora. ceo joe kennedy will discuss challenges facing that company later this morning live when he talks to julia boorstin and live coverage of the president with remarks on the fiscal cliff before the business roundtable. can he convince corporate leaders he has t
if europe turns, china is strong. this is not a yum situation. >> those revenues are at 50% in 2012. this is a major, major group for starbucks. now they'll link rewards card to some of these products. you go to the supermarket and somehow that will be linked that reinforces the ecosystem so consumers can get rewards even if they buy starbucks products out of the store. >> short of the line, more complex the kitchen can be. the pipeline for new products in years to come. >>...
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Dec 3, 2012
12/12
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much less consumer dependent than what we see maybe in europe and the u.s. but, yes, that meeting is just back into expansion territory. that's good in itself. global growth will be looking for china to be going ahead. so good but modest. so any demand elsewhere could have an impact on china. >> have we had the china slowdown? >> we've had mosts of it i think. but again, china is very much in recent line with the cycle of the global economy and we'll be looking for some of the big growth engines to help them, as well. >> what's the chinese swing factor for investors? >> sitting in europe clearly it's something we focus upon. is it a driving force, absolutely not. the tail risk i think is what scares us. so do i feel heartened by the numbers in china, yes, it's kind of a positive. but there's more important things. >> if you're worried about synchronized global slowdown, you need one begin sort of spluttering on a little bit better. >> the difficulty is that it's a very large consensus among the investors in europe that come what may, they're not going to fee
much less consumer dependent than what we see maybe in europe and the u.s. but, yes, that meeting is just back into expansion territory. that's good in itself. global growth will be looking for china to be going ahead. so good but modest. so any demand elsewhere could have an impact on china. >> have we had the china slowdown? >> we've had mosts of it i think. but again, china is very much in recent line with the cycle of the global economy and we'll be looking for some of the big...
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Dec 13, 2012
12/12
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europe is the main problem for europe because if you look at the global face, danone was able to positive 1.1% for the first three months of the year excludeing europe. at the same time in europe, it was 0.6% contraction. that's a problem for danone, the economic crisis in europe. the company is facing increasing pressure from some of its shareholders include nelson phelps. he believes that the share price of danone has a significant growth potential, something like 60% over the next two years. which is much higher than the current share price where at 51 euros this morning. danone is trying to save 200 million euros. that's the only number we really know for sure at the moment and that's the main response to the pressure from its shareholders. over to you. >> thanks very much. staying with france for just a second, the finance minister is commenting about the agreement that the euro group reached on the banking up. it's integrity is good for the agreement and as we focus on greece today, conditions are in place to disburse the next tranche of aid to greece totalling 43 billion euros. >>>
europe is the main problem for europe because if you look at the global face, danone was able to positive 1.1% for the first three months of the year excludeing europe. at the same time in europe, it was 0.6% contraction. that's a problem for danone, the economic crisis in europe. the company is facing increasing pressure from some of its shareholders include nelson phelps. he believes that the share price of danone has a significant growth potential, something like 60% over the next two years....
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Dec 11, 2012
12/12
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. >> kenny thinks we're beginning to look a little like europe. they are punting. >> the market, as we saw in europe, they rallied the market ahead of what they thought was going to be a deal, kicked the can down the road. in fact, if that's the case. michael may be right there's going to be a framework but not a deal, yes, we rallied the market, they will become disappointed and take it back. >> that's not the case. if you look at what's happening, economy better, earnings solid, interest rates are low. the fed probably this week will announce they are going to continue their policies to flood the system with money. >> but there's your answer. the fed is going to keep pumping the system with money. fundamentally are we really where we should be. >> we're not talking about fundamentals. we're talking about what the market is going to do. there's reality and what the market is going to be. if there's free money, we might be broke but there's free money. >> all right. that sounds like a good recipe. michael, we'll have you back later in the hour. >>
. >> kenny thinks we're beginning to look a little like europe. they are punting. >> the market, as we saw in europe, they rallied the market ahead of what they thought was going to be a deal, kicked the can down the road. in fact, if that's the case. michael may be right there's going to be a framework but not a deal, yes, we rallied the market, they will become disappointed and take it back. >> that's not the case. if you look at what's happening, economy better, earnings...
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Dec 18, 2012
12/12
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is it europe, the election? is it the fiscal cliff, but as you go through those one by one, the election is now behind us. i do believe we'll have a resolution on the fiscal cliff and if you look at europe, the ecb put a gigantic band-aid on this so next year will be a big year. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani, what do you think today? a pretty good real under way? all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out this
is it europe, the election? is it the fiscal cliff, but as you go through those one by one, the election is now behind us. i do believe we'll have a resolution on the fiscal cliff and if you look at europe, the ecb put a gigantic band-aid on this so next year will be a big year. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani,...
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Dec 3, 2012
12/12
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they might want to work with their partners over in europe. at the day of the day, this is all about increasing its exposure in the united king come as well as increasing its weaknesses in europe. it is the most lucrative airport market in the world. those gates there are the key to driving revenue. if delta can get a hold of them then it will really drive greater revenue over there. >> phil, thanks. >>> shares of dell having their best day of the year on the back of an upgrade by goldman sachs. a call out on research in motion an verizon as well. but are they the right call? we'll analyze the analysts straight ahead. >>> plus a cnbc exclusive you don't want to miss. david faber speaking with charter communications ceo thomas rutledge. his first interview since take over that top job. "power lunch" back in two. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stre
they might want to work with their partners over in europe. at the day of the day, this is all about increasing its exposure in the united king come as well as increasing its weaknesses in europe. it is the most lucrative airport market in the world. those gates there are the key to driving revenue. if delta can get a hold of them then it will really drive greater revenue over there. >> phil, thanks. >>> shares of dell having their best day of the year on the back of an upgrade...
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Dec 8, 2012
12/12
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and in asia, africa, and europe. but in addition to that we have an incredible team of engineers and scientists who are not only developing cook stoves but a whole range of energy technologies. and so where we really see our role as a company is in providing personal scale energy access that's affordable and safe and reliable. >> talk about affordability. how much is this? >> these stoves are $130. >> okay. now, you are in brooklyn, new york. but you don't make these here, right? >> we don't. >> you have a factory -- >> we manufacture -- we manufacture in asia. and then -- but it's all based on the designs and the engineering of the team right here in new york. >> now, i've looked at this in the videos. how long does it take me to make a pot of tea? >> four minutes. >> it takes us four minutes to boil a liter of water. that's it. >> four minutes? >> four minutes. >> well, guys, look, it is omg. i'm thrilled you that came here. this is jonathan cedar. okay? and john levy. biolite's chairman and ceo. thank you so much,
and in asia, africa, and europe. but in addition to that we have an incredible team of engineers and scientists who are not only developing cook stoves but a whole range of energy technologies. and so where we really see our role as a company is in providing personal scale energy access that's affordable and safe and reliable. >> talk about affordability. how much is this? >> these stoves are $130. >> okay. now, you are in brooklyn, new york. but you don't make these here,...
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Dec 6, 2012
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is it europe? is it the in fact that greece may have had a selective default or is it our own backyard, or is it all of this above? there's a lot to talk about. the dollar index virtually unchanged and the big enchilada tomorrow with the jobless rate. >> we had a drop in claims of 24,000 in new jersey. 7,000 also in california, unrelated to sandy, 7,000 in new york as well. so this is -- let me tell you what happened. what happened is that we found out that we're not in a deeper hole than we thought we were in, but 370,000 is a little bit on the elevated side. >> did claims drop because people haven't been able to put them in yet? because if you look at the claims dropping in areas hit by sandy, is there still some -- >> unknowable. there's still some claims that need to come through, the best interpretation becky is that we're seeing the effects of sandy wash out on the claims and that's where i'm making the conclusion that we're at 370,000 which is sort of in the middle of that 350,000 range. mor
is it europe? is it the in fact that greece may have had a selective default or is it our own backyard, or is it all of this above? there's a lot to talk about. the dollar index virtually unchanged and the big enchilada tomorrow with the jobless rate. >> we had a drop in claims of 24,000 in new jersey. 7,000 also in california, unrelated to sandy, 7,000 in new york as well. so this is -- let me tell you what happened. what happened is that we found out that we're not in a deeper hole than...
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Dec 5, 2012
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apple's losing share to google, it doesn't have the right phones in europe, nokia's making a comeback, the mini isn't selling, there's no special dividend, we've got a stock chart that is the -- >> sell, sell, sell, sell! >> excuse me for a moment while i get nauseated. apple went down today because it's a big dollar amount stock and makes a ton of economic sense to ring the register before year-end. why do i always say about apple? own it. shocker. how about citigroup? this company's crushed shareholders for many, many years, but this new management team, you've got to hand it to them for taking tough medicine right before the holidays, firing 11,000 people, shutting down underperforming operations around the globe. no, i don't want to work there, and i feel terrible at the layoffs. i've got a ton of friends over citi, but i would be happy if i was a shareholder. something we're asking of our politicians, they can't do that. but citigroup's management was willing to take the hard medicine for the shareholders. we hear endless negativity about china and europe, but the chinese market
apple's losing share to google, it doesn't have the right phones in europe, nokia's making a comeback, the mini isn't selling, there's no special dividend, we've got a stock chart that is the -- >> sell, sell, sell, sell! >> excuse me for a moment while i get nauseated. apple went down today because it's a big dollar amount stock and makes a ton of economic sense to ring the register before year-end. why do i always say about apple? own it. shocker. how about citigroup? this...
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Dec 26, 2012
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europe is still on the mend, but it is doing what it needs to do. the u.s. has been growing. we've got housing, we've got automobiles. both have put in good numbers and we would expect that our economy will be able to weather the rockiness near term and benefit from an agreement on this fiscal cliff. >> steve weiss quickly. >> john, how do you see it playing out? we've seen a lot of ends being front end loaded only to fall off and maintain the back end. with everything that's going on in terms of spending, cutting back from europe and from u.s. standpoint. how do you see it playing out next year in terms of the market action? >> in terms of the market action, what we would expect, the first quarter a lot is going to depend on what happens with the fiscal cliff. as i said before, if we move into a recession, you're not going to get a 1585 target or 2 $108 in earnings. we're not expecting the powers that be in washington are going to be willing to save a defeat from the jaws of victory. >> you haven't watched them before, john, have you? >> i've been around for a long time. i h
europe is still on the mend, but it is doing what it needs to do. the u.s. has been growing. we've got housing, we've got automobiles. both have put in good numbers and we would expect that our economy will be able to weather the rockiness near term and benefit from an agreement on this fiscal cliff. >> steve weiss quickly. >> john, how do you see it playing out? we've seen a lot of ends being front end loaded only to fall off and maintain the back end. with everything that's going...
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Dec 14, 2012
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we've had all kinds of europe stuff. all anybody wants is fiscal cliff resolution. >> did the fed spook anybody yesterday? >> no, i don't think so. i really think what sold off yesterday is people were just concerned about the fiscal cliff again. the fed didn't really do anything. they put kindleing on the fire, if we get a fiscal cliff, there's an awful lot of money out there to get this market going. >> it just strikes me that a central bank now $85 billion new dollars per month into the financial system and buying treasuries to hold rates down, they're not going to let rates go up any. i just intuit that. >> no. there was some talk that perhaps what they signaled was higher rates sooner than 2015 and i think that's absolutely wrong. there's no way. this was an easing policy. they're putting more money into the system. they're not going to let rates go up any sooner than they need to. after most recession, they don't really raise rates until 18 months after. so i think 2017 is probably your number. >> 2017. all right.
we've had all kinds of europe stuff. all anybody wants is fiscal cliff resolution. >> did the fed spook anybody yesterday? >> no, i don't think so. i really think what sold off yesterday is people were just concerned about the fiscal cliff again. the fed didn't really do anything. they put kindleing on the fire, if we get a fiscal cliff, there's an awful lot of money out there to get this market going. >> it just strikes me that a central bank now $85 billion new dollars per...
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Dec 6, 2012
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the barely capitalist don't innocent that is europe has settled down into some sort of permanent no-growth mode and yet almost every one of the stock markets is doing better than ours. come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger than it was in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're running short of office buildings, shopping centers, apartments, homes, these are the hiring sectors, all this blather about helping the small businessman of subchapter "s" for private and middle class, you want to help them? give them a deal, any deal, just get out of our way for heaven sakes. our country is starting to get so competitive, again, that business is building things over there now want to build them there. t
the barely capitalist don't innocent that is europe has settled down into some sort of permanent no-growth mode and yet almost every one of the stock markets is doing better than ours. come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were...
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Dec 26, 2012
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or canada and the facility will huge natural gas to produce iron which will be sent back to europe to be processed into steel. >>> meantime, the nasdaq falling today but get this, shares of research in motion, yes, r.i.m., bucking the trend. seema mody with us now. this is not a typo, is it? >> not a typo. take a look at shares of research in motion. as you point out, best performing stock on the nasdaq 100, quite a sharp rebound when you take a look at shares in comparison to last friday, when the stock dipped lower by around 20%. of course, many traders calling this a relief rally when you have a lot of traders covering their shorts. there is also some blogs out there leaking pictures of what they say is the newest blackberry 10 of course. research in motion saying their blackberry 10 is slated to be released january 30th of next year. another bright spot, netflix. not the move you would expect. some customers were impacted by a service outage on christmas eve. it has been fully restored. we are seeing shares higher on the day. retail stocks getting hit. lot of the specialty retaile
or canada and the facility will huge natural gas to produce iron which will be sent back to europe to be processed into steel. >>> meantime, the nasdaq falling today but get this, shares of research in motion, yes, r.i.m., bucking the trend. seema mody with us now. this is not a typo, is it? >> not a typo. take a look at shares of research in motion. as you point out, best performing stock on the nasdaq 100, quite a sharp rebound when you take a look at shares in comparison to...
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Dec 19, 2012
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europe was up 12. adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it happened just in reverse. >> it was overnight. >> we'll see. i can't believe 2013 will not hold a couple of moments where we go, ah. but it is amazing. nothing we can do. >> we're afraid spain is going to come -- spain was supposed to come to market. italy, oh, my, what happens whe
europe was up 12. adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8....
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Dec 7, 2012
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. >> even though we're facing the same kind of austerity as europe. >> i think american companies put americans back to work. >> and freeing up the corporate cash will overcome -- >> get rid of the uncertainty. >> why would the cash be freed up? if you are raising capital gains tax -- all the things we're doing are negative. >> hold on. i guess i disagree fundamentally that the capital gains tax is the definitive reason why you would or would not make an investment. i think there's two pieces. one is the piece that i don't like the higher rate. the other piece is i don't like the uncertainty of not knowing what the rate's going to be. >> that, that's. i think it's been sort of known that people are not and companies are not freeing up capital assets, they're not selling them or making moves. they're sort of in a frozen state. the same thing with all the cash on the balance sheet, if you want to incent investment raising the price of the investment theoretically isn't a way to incent it, right? >> hold on. i thought the deficit was a big rob and want to a measure that helps reduce the
. >> even though we're facing the same kind of austerity as europe. >> i think american companies put americans back to work. >> and freeing up the corporate cash will overcome -- >> get rid of the uncertainty. >> why would the cash be freed up? if you are raising capital gains tax -- all the things we're doing are negative. >> hold on. i guess i disagree fundamentally that the capital gains tax is the definitive reason why you would or would not make an...
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Dec 3, 2012
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now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can still grow internally with some of the other partners out there. china looks like it's coming back. so yeah, maybe that will help. >> in china, you bring up one final good point as we wrap this up. china, many believe that it's reaching its soft bottom. i don't dispute that. i know if we look at shanghai composit composite, it doesn't necessarily reflect that. in the end, sideways movement at these gdp levels is still a headwind considering the growth china had four ye
now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking...
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Dec 10, 2012
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bells are about to close across europe. we'll bring you the close and some of the details on the impacts here in just about 3 1/2 minutes. plus the head of u.s. equity portfolio strategy at barclays barry knapp will give us his ouk fo2013. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. >>> about 40 seconds until europe closes here. a lot to watch over there. simon hobbs, whether it's the data or just the sheer
bells are about to close across europe. we'll bring you the close and some of the details on the impacts here in just about 3 1/2 minutes. plus the head of u.s. equity portfolio strategy at barclays barry knapp will give us his ouk fo2013. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will...
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Dec 29, 2012
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europe looks stable compared to the u.s. right now what does that say about our dysfunctional system? it says our dysfunction is our competitor's advantage in this market and that is sad. >> amen to larry. that was well said. i don't think i can add anything. >> for the average investor watching right now, any advice? >> no. i think that what's going to happen is there will be refl reflexive knee-jerk reaction higher if one of those two things i said happen. the market was up quite a bit since mid-november. the small-cap his been up 9.5% until the sell-off and they'd given a lot of that back, but there was a lot of good feelings priced in, and to me it's not that awful for us to take some of that off. i think the next month will be choppy and whipsaw, but 2013, there are a lot of good things going, housing market, china, japan. i would buy some things. >> guys, got to cut you off. larry, you'll get more time next time, promise. see you later, jim. >>> we're all over the fiscal fiasco. tune in to cnbc this sunday night. yep,
europe looks stable compared to the u.s. right now what does that say about our dysfunctional system? it says our dysfunction is our competitor's advantage in this market and that is sad. >> amen to larry. that was well said. i don't think i can add anything. >> for the average investor watching right now, any advice? >> no. i think that what's going to happen is there will be refl reflexive knee-jerk reaction higher if one of those two things i said happen. the market was up...
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Dec 3, 2012
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but, you happen, obviously europe is years behind the u.s. in terms of reforming its private sector financial system and those continue to be an issue going forward. but i quickly have linked to what i said before. i know investors are looking at investing in european financials and haven't dreamt of that for years. that's a mood that has grown in the past couple of weeks. >> it's steve mcmahon. would you say the global markets are anticipating that america will go over the cliff or do you think global markets are anticipating this will be resolved somehow? i think the markets are assuming that even if there is some shift over the cliff, it will be temporary and some kind of deal will be cobbled together before the inauguration. is my best summary of it and that is really what i'm assuming. but i think markets are thinking there's not going to be anything dramatic and substantial. but i think people expect some kind of deal. >> part of the problem is people need to look at the rules in the senate. unless the senate changes their rule. if you
but, you happen, obviously europe is years behind the u.s. in terms of reforming its private sector financial system and those continue to be an issue going forward. but i quickly have linked to what i said before. i know investors are looking at investing in european financials and haven't dreamt of that for years. that's a mood that has grown in the past couple of weeks. >> it's steve mcmahon. would you say the global markets are anticipating that america will go over the cliff or do...
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Dec 13, 2012
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also juicy news out of europe. european leaders have agreed to hand over the next batch of loans to greece. the country will get about 48 billion euros between now and march and the european union finance ministers have reached a landmark deal on banking supervision that makes european central banks the region's top banking supervisor. it will be approved by eu leaders later today. and solar city going public today. it was supposed to happen yesterday. solar equipmentmaker sold 11.5 million shares at $8 per share. but that is below earlier estimates of $13 to $15 per share. and ivan musk still going to make a lot of money doing that. one other story to note,s new york city's taxi and limousine commission voting today on a proposal that would permit taxi drivers to use taxi hailing apps. we've talked about this before like uber. the use of taxi handling apps, smart phone apps like uber, haywell and others rising sharply around the country. i use it sometimes. there is some pushback, though, on these apps. a group of
also juicy news out of europe. european leaders have agreed to hand over the next batch of loans to greece. the country will get about 48 billion euros between now and march and the european union finance ministers have reached a landmark deal on banking supervision that makes european central banks the region's top banking supervisor. it will be approved by eu leaders later today. and solar city going public today. it was supposed to happen yesterday. solar equipmentmaker sold 11.5 million...
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Dec 12, 2012
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it's all about recapitalizing the banks in europe. >> something very important is happening in europe. the money is beginning to flow to where we want it in order to build the firewalls against contagion. after so much debate, a lot of the banks are higher in europe at the moment. importantly, yesterday spain got its 40 billion euros to recapitalize its banks. now in brussels, a finance ministers' meeting is beginning, which they will say, look, greece, we will make up the half billion that you're short on the bond buy-back. a deal is a deal. and this month, 34 billion euros will flow from bailout funds into the greek banks to recapitalize them. more importantly perhaps, tomorrow we go into a full meeting of all 27 heads of state of the european union. germany is back down. looks like we have a deal on banking union. the ecb will supervise all banks presumably in the euro zone. that means the ecb will be able to directly tap into those bailout funds and recapitalize the banks, plugging in across the euro zone. this is hugely important in building those firewalls against contagion. the
it's all about recapitalizing the banks in europe. >> something very important is happening in europe. the money is beginning to flow to where we want it in order to build the firewalls against contagion. after so much debate, a lot of the banks are higher in europe at the moment. importantly, yesterday spain got its 40 billion euros to recapitalize its banks. now in brussels, a finance ministers' meeting is beginning, which they will say, look, greece, we will make up the half billion...
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Dec 3, 2012
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and i think people could be afraid around the fiscal cliff or around supply issues on oil or europe, you know, looking pretty weak. so there's a number of things that could spook people. but i would say the numbers have to come down a lot for 2013. >> adam, sounds like you're more optimistic on china. where do you come out on the commodity side? where would you be investing if at all in that group? >> well, s&p mandate, s&p 500 focused. and materials are 3.5% of the s&p, two-thirds of that is chemicals. so i don't have to make a huge bet on the metals and mining side. and as we wrote about last week and again today, i guess i'm a little bit of a chicken china bull, you know. i'm not so far out in the efficient frontier there to go straight to steel stocks. and that bet. because i still think there is some uncertainty. i feel confident what's in the u.s. market is fear about china. but i would rather play it from some of the quality industrials where i feel there could be some other things that helped them whether it's -- you know, u.s. housing and other things, not just pure china pl
and i think people could be afraid around the fiscal cliff or around supply issues on oil or europe, you know, looking pretty weak. so there's a number of things that could spook people. but i would say the numbers have to come down a lot for 2013. >> adam, sounds like you're more optimistic on china. where do you come out on the commodity side? where would you be investing if at all in that group? >> well, s&p mandate, s&p 500 focused. and materials are 3.5% of the s&p,...
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Dec 5, 2012
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and europe. there's not development the last few years. that is, of course -- that hampers our growth. >> it hampers growth but makes you more -- the ones that are existing would be more dear, wouldn't they? >> exactly. inventory is slowing down. as a company, you need to grow. you need new destination, you need new availability for your guests. we need to have more deals frankly in the u.s. in asia, it's growing all around. construction in bangkok, in japan, in russia, in middle east. we're growing all around, in russia and in china. however, growth is not taking place in the u.s. and europe. and for major developments. >> we talked about back when greg was dealing with the financial crisis. we questioned whether luxury was going to be something to invest in. >> oh, absolutely unquestionably. >> nothing will change? >> the one thing we have to understand, though, luxury is changing. what you call luxury today, the traditional five-star hotels. they will be known as affordable luxury. and then th
and europe. there's not development the last few years. that is, of course -- that hampers our growth. >> it hampers growth but makes you more -- the ones that are existing would be more dear, wouldn't they? >> exactly. inventory is slowing down. as a company, you need to grow. you need new destination, you need new availability for your guests. we need to have more deals frankly in the u.s. in asia, it's growing all around. construction in bangkok, in japan, in russia, in middle...
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Dec 27, 2012
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europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk. >> once you don't have to battle the god of re-election, everything changes. >> as we have seen in this country. >>> a winter storm slamming the east coast and impacting the northeast, after the break. >>> the latest place banks are turning to in the hunt for yield. am [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, mi
europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk....
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Dec 11, 2012
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this is all about the access to europe and heathrow, correct? >> it's really about the access to the uk/u.s. marketplace. it's by far, by 200%, the largest market between europe and the u.s. and delta's had about an 8% market share. with this transaction, we get to second place with about a quarter of the market. >> a lot of people looked at singapore air when it had 49%, which is what you're buying. they said singapore air never could really maximize the profit potential. what can you do that singapore air could not do? is it about that access between new york and london? >> yes. and it's about geography. singapore is a long way away from london. and the traffic flows between singapore and london are light. a couple hundred people a day between singapore and london. whereas the traffic flows between the u.s. and uk for business travelers represent $2 billion in annual revenue. so it's massive. massively larger, and the geography is a lot closer. >> you're expecting approval perhaps by the middle of next year. once that happens when will you say
this is all about the access to europe and heathrow, correct? >> it's really about the access to the uk/u.s. marketplace. it's by far, by 200%, the largest market between europe and the u.s. and delta's had about an 8% market share. with this transaction, we get to second place with about a quarter of the market. >> a lot of people looked at singapore air when it had 49%, which is what you're buying. they said singapore air never could really maximize the profit potential. what can...
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Dec 24, 2012
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we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or
we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ executor of efficiency. you can spot an amateur from a mile away... while going shoeless and...
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Dec 17, 2012
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it's fascinating to look back towards europe. many hedge funds forsaking some of their short positions on the french fixed income market. and so their rates are moving a bit lower, as that buying comes in. but look at how the boon has such a different pattern. still a lot of anxieties in the european sector. there's going to be a lot of protests in spain, for example, today. foreign exchange, if we look at the dollar/yen, we look how quantitative easing is going to be a much more enhanced program in japan after the elections. you can clearly see how the dollar has performed quite admirably against that weakening of the currency issue on quantitative easing. remember, for an export economy, this is not something they're so upset about. last, but not least, even our weakened partner in europe, we just discussed, look how the euro versus the dollar is at some of the best levels we've seen since early may. something to pay attention to. we also had empire index on the weak side. and minus 56 billion on october treasury, international
it's fascinating to look back towards europe. many hedge funds forsaking some of their short positions on the french fixed income market. and so their rates are moving a bit lower, as that buying comes in. but look at how the boon has such a different pattern. still a lot of anxieties in the european sector. there's going to be a lot of protests in spain, for example, today. foreign exchange, if we look at the dollar/yen, we look how quantitative easing is going to be a much more enhanced...
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Dec 4, 2012
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as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and oracle will play out three-quarters of dividends this year. >>> more strength in housing this morning. toll brothers earnings top expectations. we'll begin with the fiscal cliff. governors are set to meet today with the president and congressional leaders. governors are concerned about the impact of deficit reduction measures on their state budgebu. the latest gop offer would overhaul the tax code, raise $800 billion in new revenue but seek $600 billion in health sav
as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the...
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Dec 21, 2012
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we've ignored a lot of good news in china and europe. so i think that in january, we get this behind us. i think the market probably has some reflex rally and upward buys. certainly it's going to affect the economy in the first half of the year, but the second half of 2013 will look a whole lot better than the second half of '12 did. >> good to see you. happy new year. >> same to you. >> research in motion stock falling today. can the blackberry maker turn the r.i.m. story around? we'll explore that next. you cah mild to moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose inc
we've ignored a lot of good news in china and europe. so i think that in january, we get this behind us. i think the market probably has some reflex rally and upward buys. certainly it's going to affect the economy in the first half of the year, but the second half of 2013 will look a whole lot better than the second half of '12 did. >> good to see you. happy new year. >> same to you. >> research in motion stock falling today. can the blackberry maker turn the r.i.m. story...
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Dec 4, 2012
12/12
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also take a look at what's happening in europe. we spoke with ross a little earlier and you can see that right now there are modest gains there. in france, the cac up by about 0.7%. much more modest gains. ftse actually just about break even at this point. germany, the dax up by about 0.3%. in asia, you saw the hang seng was up just barely. korea was up just barely. the shanghai composite was up by close to 0.8%. and nikkei down by about a quarter percentage point. oil prices this morning pulling back a little bit. down another 33 cents to $88.76. yesterday we did see oil cross above $90 for the first time since october 22nd. ended up down at about $89. but crossing early in the morning above $90. the ten year note at this point yielding 1.639%. i feel like we look at the same board board every morning. euro still up above 1.30. the dollar-yen at 81.99. and gold prices this morning slightly lower. down by about $15. $1704.40 an ounce. kevin ferry at the cme, kevin, we are watching the fiscal cliff every single day kind of watching
also take a look at what's happening in europe. we spoke with ross a little earlier and you can see that right now there are modest gains there. in france, the cac up by about 0.7%. much more modest gains. ftse actually just about break even at this point. germany, the dax up by about 0.3%. in asia, you saw the hang seng was up just barely. korea was up just barely. the shanghai composite was up by close to 0.8%. and nikkei down by about a quarter percentage point. oil prices this morning...
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Dec 24, 2012
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we hit europe again as we had the last two years previously. but this last quarter, i think there's been a lot more optimism, even with the fiscal cliff sitting there, as sort of this potential, real roadblock at the end of the year. perhaps even too much optimism some would say. when you speak to ceos, there's still a lack of confidence, i would argue on the part of many of them, that you would like to see more of. perhaps a reflection of their concerns about the fiscal crisis that may weigh on our tax spending policies. >> we'll start over the next week or so talking about performers for the year. top s&p performer is pulty, which says how people are viewing how people will view what's driving the economy in the coming year. bank of america has doubled. worst performer on the dow, hpq. there will be crystallizations of what happened overall. >> the perspective on this whole thing is the s&p 500 is still up 14% year-to-date. despite the extraordinary circumstances, it's been a gang buster year for the markets. unfortunately, the average u.s. i
we hit europe again as we had the last two years previously. but this last quarter, i think there's been a lot more optimism, even with the fiscal cliff sitting there, as sort of this potential, real roadblock at the end of the year. perhaps even too much optimism some would say. when you speak to ceos, there's still a lack of confidence, i would argue on the part of many of them, that you would like to see more of. perhaps a reflection of their concerns about the fiscal crisis that may weigh...